A sports utility vehicle (SUV) was purchased for $23,000. According to the automobile sales association, the buyer can expect the SUV to lose about 11% of its value annually.
The function v(x) = 23000(0.89)* describes the value of the SUV x years after its
purchase. In 10 years, approximately for how much could an owner expect to sell the
SUV?
$15828
O $7172
$30172
O $8695